| Paragon Group consolidation sees 93 jobs cut
The Group is to consolidate Paragon Mortgages and Mortgage Trust as part of a business streamlining, resulting in the job losses - 38 of which will be from its mortgage operations. The two businesses will continue to function under their independent branding, however their sales teams will be merged with Andrew Lees at the helm. Austin Jeffs, the current head of sales at Mortgage Trust, will be leaving the business. Paragon Group has no debt maturing before 2017 after paying off its �280m corporate facility following the successful completion of a �287m rights issue. .
SeedQuest - Central information website for the global seed industry
Nufarm Limited generated a tax paid operating profit of $35.4 million for the six months ending January 31, 2008. This compares with a net operating profit of $7.5 million (from continuing operations) in the first half of the previous year. After accounting for non-operating items (2008 1H: Net loss of $30.8m; 2007 1H: Net gain of $3.9m), the headline after tax profit was $4.6 million (2007 1H: $15.9 million). Group sales were $990 million, up by 71% from $580 million. The first half sales of Nufarm�s Brazilian operations (Agripec) were consolidated for the first time after that business was fully acquired by the company in May 2007. If Agripec sales had been consolidated in the first half of the 2007 financial year, 2008 first half sales increased by 31%.
CSX Provides Earnings Guidance; Announces Share Repurchase Program and Dividend Increase
Demonstrating confidence in the earning power, performance and momentum of its business, CSX Corporation today provided 2008 earnings guidance, raised its long-term guidance through 2010, and announced additional actions to continue delivering value to shareholders through enhanced dividends and share repurchases. .
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